Schneider Electric , a global specialist in energy management and efficiency energy, has announced the purchase InStep Software , developer of performance management software in real time and predictive analytics. It is expected that the transaction, whose financial details were not disclosed and subject to customary legislative conditions, to close in the fourth quarter of 2014.
Established in 1995, InStep has two software products highly recognized by market. One is eDNA, that collects, stores, analyzes, displays and reports sensor data and equipment in real time and PRiSM, of predictive analytics software that monitors in real time the status and performance of critical assets based on advanced technologies ?? pattern recognition and diagnostic techniques to identify subtle deviations in the operating behavior which are often an early warning of impending failure. The company Additionally, an power management software called EBS , which helps universities reduce costs by analyzing the energy consumption, billing and cost allocation reporting these processes.
From Schneider Electric ensures that the eDNA software is a powerful complement of the Wonderware Historian software of Schneider Electric, and PRiSM “strengthens and improves information and offers software asset management the company. “
Rob McGreevy, Vice President for Information, Operations and Asset Management Schneider Electric, InStep solutions ” provide us with a stronger management of data and predictive analytics capabilities in the power and energy industry, including transmission and distribution, will help us achieve our strategic plans for Big Data, the Internet of Things and other emerging trends. “
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